Werner Enterprises, Inc. (WERN) Stock

Werner Enterprises, Inc. (WERN) is a Industrials stock trading at $40.41 (as of 2026-07-27), with a market capitalization of $2.42B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Werner Enterprises transports truckload freight of general commodities across the U.S., Mexico, and internationally, using multiple fleets for long-haul, expedited, regional short-haul, and temperature-controlled shipments. It also provides non-asset logistics services, including truck brokerage and logistics management, through its Truckload Transportation Services and Werner Logistics segments, serving shippers with freight requiring these services.

Understand Werner Enterprises, Inc.: how it makes money

Werner Enterprises provides trucking and logistics services, transporting truckload shipments of general commodities with its medium-to-long-haul van fleet (including expedited time-sensitive service) and also operating a logistics segment for customers, earning revenue from its transportation services and logistics revenues.

The company’s core profit engine is transportation execution around truckload services, with at least part of fuel exposure reflected through revenue that is reported net of fuel surcharges, so non-fuel operating performance in TTS and dedicated-like revenue streams is a key driver of earnings power.

Revenue by segment (latest quarter)
TTS	$0.5B
Logistics	$0.2B

Business quality (Weak): Segment structure is clear (Truckload Transportation Services and Werner Logistics), but the provided operating KPI set is revenue-based, with limited visibility into unit-level operating drivers.

Bull case

Truckload Transportation Services is a large share of revenue, and it includes both medium-to-long-haul van operations and expedited time-sensitive services, which can support a broader set of customer needs: More diversification within transportation offerings within the Truckload Transportation Services segment.
Werner Logistics provides an additional revenue stream alongside truckload transportation: Potential to contribute incremental earnings power from logistics services versus relying on truckload alone.

Bear case

Revenue reporting highlights fuel surcharges, which implies meaningful linkage between fuel-related items and how transportation revenue is presented: If fuel-related terms, surcharge dynamics, or underlying non-fuel operating costs move against the company, margins can be pressured.
The business model depends on moving freight via its fleets, including medium-to-long-haul and expedited team services: Operational disruptions or cost pressure tied to running trucks, drivers, and time-sensitive service can adversely impact results.

Valuation — source: SEC EDGAR (first-party)
Price	$40.41
Market Cap	$2.42B
EV / EBITDA	150.8
Price / Book	1.79
Price / Sales	0.79
FCF Yield	-1.8%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.97B
Net Margin	-0.5%
Revenue Growth (YoY)	13.6%
EPS Growth (YoY)	-56.3%
FCF Growth (YoY)	423.5%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.04 (safe)

Valuation vs Sector & Industry
Sector P/E (Industrials)	28.4
Industry P/E (Transportation)	17.5

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($260.06M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Transportation
CEO	Derek J. Leathers
Employees	13,000
Country	US
IPO Date	1986-06-20

Related Companies (Business model: Freight Logistics (Parcel, LTL, Truckload, Intermodal, Forwarding); 8 closest by market cap; US-domiciled)

Data as of 2026-07-27.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.